Your point makes sense when talking about this action by the Fed when looking at it as a standalone action, but a lot of people, including myself, might think t

Your point makes sense when talking about this action by the Fed when looking at it as a standalone action, but a lot of people, including myself, might think the raised state of alarm is justified given that this is a situation where the Fed is essentially investing in/bailing out individual companies. One of the huge issues with this is that it puts the Fed in a position to be choosing winners and losers, which is very much against the idea of operating in a free market economy.